Bitcoin update— 23–06

2 min readJun 23, 2021


It was a close call yesterday with the massive dump on the market. Some FUD that was spread but luckily the support levels helds. This resulted in a nice wick on the daily candle.


We are still ranging between the levels of 30k — 40k. Breaking one of those ereas in a daily close candle will result in an more up or down movements.

Bullish scenario

  • We see a Bullish Div created
  • A good buy back by bulls that gives confidence
  • A nice increase of volume
  • Looking to see the price going to 40k again and hitting the resistance, ones broken we need a R/S flip to confirm it holds!

Bearish scenario

We wont see a retrace to 40k and we will break down the 30k as a daily close. This could be an indicator that we will be looking at new support levels that are around: 24k , 20k ..

Don’t forget that most of the chart is bearish .. We have seen the death cross , ESA 9/21 still bearish.. making lower lows over here.. So be cautious with the actions you take! We first need more confirmations about where the markets are headed to!

If you like what you read be sure to follow, ❤ it below and leave a comment if you want some special content! — as a writer, it means the world